In FY22, India’s tech industry hired around 380,000 freshers: NASSCOM Report
- IBEF
- December 19, 2022
According to a National Association of Software and Service Companies (NASSCOM) report, the Indian tech industry hired around 3,80,000 freshers in FY22 and over 70% of Generation (Gen) Z students are interested to take up tech jobs in the near term.
As per the findings, the total employee base in FY22 constitutes 18-20% of Gen Z and 69-70% of Millennials being hired over the last few years in the tech sector. Around 79% of Gen Z are willing to spend more than two years in their first job, provided they are given the right value proposition. India’s share of Millennials and Gen Z stood at 52%, whereas the global average is 47% (as of 2021).
"With newer perspectives and ideas, Gen Z and Millennials are setting the future course of employee engagement, retention, and acquisition strategies. It will be interesting to see how these newer generations shape India's future as the talent hub of the world," Ms. Sangeeta Gupta, Senior Vice President, and Chief Strategy Officer, NASSCOM said.
The report also emphasized that for both, Millennials and Gen Z, learning and growth are important facts in selecting a company. Mr. Sashi Kumar, Head of Sales, Indeed stated "Gen Z workers prioritize a positive work-life balance. They seek work environments that are empathetic and diverse, offer learning opportunities, and align with their core values."
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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